| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $28M | $20M | -5.9% | 33.7% |
| Op. Income | -$57M | -$44M | -$92M | -29.5% | 37.5% |
| Gross Margin | -61.5% | -29.9% | -395.0% | -31.6pp | 333.5pp |
| Net Margin | -202.7% | -145.5% | -1769.0% | -57.1pp | 1566.3pp |
| EPS (Diluted) | $-3.58 | $-0.16 | $-0.68 | -2137.5% | -426.5% |
| Free Cash Flow | -$14M | -$224M | $60M | 93.8% | -123.0% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $43M |
| GROSS PROFIT | -$16M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $13M |
| SG&A Expenses | $25M |
| Other Expenses | $16M |
| Operating Expenses | $41M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$57M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $126.0K |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $8M |
| EBIT | -$57M |
| EBITDA | -$49M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$70M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$113M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $61M |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $208M |
| Short-Term Investments | $54M |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $441M |
| TOTAL CURRENT ASSETS | $766M |
| PP&E (Net) | $16M |
| Goodwill | $33M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $845M |
| Account Payables | $69M |
| Short-Term Debt | $134M |
| Deferred Revenue | $98M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $306M |
| Long-Term Debt | $518M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $539M |
| TOTAL LIABILITIES | $845M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | -$9M |
| TOTAL STOCKHOLDERS' EQUITY | $388.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | $388.0K |
| TOTAL LIABILITIES & EQUITY | $845M |
| Total Debt | $657M |
| Net Debt | $450M |
